Vertcoin (VTC) is a decentralized, peer-to-peer digital currency which can be easily mined by anyone using GPUs using the 'One-Click-Miner'. It is resistant to specialized mining hardware known as ASICs. The coin is not premined, did not have an ICO or airdrop and its transaction fees is shared among miners. Vertcoin was launched on January 8, 2014. It has a total supply of 84,000,000 coins. The coin uses the Proof-of-Work consensus mechanism for mining, using the Kimoto Gravity Well difficultyShow more [+] adjustment, with a four-year halving interval. Coin reward began at 50 coins and will decrease every four years by half until all the coins are mined. Its block-time is 2.5 minutes. Vertcoin uses the Lyra2REv3 algorithm that is flexible and resistant to ASICs. It is flexible enough to change code if in case a specialized ASIC is developed to mine the coin. Vertcoin has changed algorithm three separate times to ensure it can be mined by anyone using GPUs.
Vertcoin is supported and managed by its community members. The official wallet is Vertcoin-Core. It is supported by many other wallets including Trezor, Ledger and Coinomi. Merchants can accept Vertcoin easily using CoinPayments. It is available for trading in various exchanges such as Bittrex, Upbit, Poloniex, Vertbase, CoinZark, CoinSpot, CoinEgg and others.
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